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Bapcor Ltd - Stock Quote BAP

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Morningstar's Bapcor Ltd Stock Analysis

Currency in AUD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

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5-Star Price


Economic Moat


Capital Allocation


Supply Chain Pressures Weigh on GUD Holdings' Short-Term Outlook

Angus Hewitt, CFA Equity Analyst

Analyst Note

| Angus Hewitt, CFA |

We maintain our AUD 12 fair value estimate for shares in no-moat GUD Holdings following a trading update. Despite reaffirming previous earnings guidance at the April investor day, performance in GUD's new vehicle-exposed businesses have worsened in recent weeks, leading management to cut underlying fiscal 2022 EBITA guidance to AUD 147 million. Given fiscal 2022 is practically finished, we lower our EBITA forecast to AUD 147 million, from AUD 164 million previously. We anticipate headwinds to persist into fiscal 2023, and lower our underlying EBITA forecast by 6% to AUD 210 million. But we do not anticipate headwinds to prove protracted, and our longer-term forecasts are largely intact. At current prices, shares in GUD appear undervalued.

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Key Statistics - BAP

Bapcor Ltd's Company Profile

Business Description

Bapcor is one of the largest automotive spare parts and accessories businesses in Australia and New Zealand. The firm principally distributes automotive spare parts and accessories to independent and chain mechanic workshops in Australia and New Zealand through Burson-branded stores. Bapcor also operates a retail automotive spare parts and accessories business in Australia, catering to the DIY customer, under the AutoPro and Autobarn brands. The specialist wholesale business is a brand owner and wholesaler of specialised parts.

127-139, Link Road, Melbourne Airport
Melbourne, VIC, 3045, Australia
T +61 384707300
Industry Specialty Retail
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees 5,000